On May 15, 2024, Trump Media & Technology Group Sent A Letter Addressed To Each Of The Chairmen Of The U.S. House Of Representatives' Committee On The Judiciary, Committee On Financial Services, Committee On Ways And Means And Committee On Oversight And Reform
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology Group (TMTG) has sent a letter to the chairmen of several U.S. House committees, raising concerns about potential manipulation of its stock (DJT) on the Nasdaq. The letter highlights persistent failures to deliver (FTDs) and possible illegal 'naked' short selling. TMTG requests a thorough investigation by FINRA and other regulatory bodies to address these issues.
May 16, 2024 | 4:00 pm
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Trump Media & Technology Group (TMTG) has raised concerns about potential manipulation of its stock (DJT) on the Nasdaq, citing persistent failures to deliver and possible illegal 'naked' short selling. The company has requested a thorough investigation by FINRA and other regulatory bodies.
The news highlights potential regulatory scrutiny and investigation into the trading activities of DJT. While this could lead to increased volatility in the short term, the outcome of the investigation is uncertain, making the short-term price direction neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100